Message:

<p>[QUOTE=&quot;mrbrklyn, post: 85608, member: 4381&quot;]This paragraph borders on by intentional fraud.&nbsp; But just to be clear on this, runs on banks were common prior to the FDIC system and going off the gold standard, and inevitable.&nbsp; Banks can never operate by having all the deposits sitting in the vault.&nbsp; You can call that being &quot;irrespossible&quot; but then you&#039;d be misrepresenting the facts.</p><p><br /></p><p>As for the issue of if there is enough silve and gold to cover all the currency, look it up again.&nbsp; There is currently almost 10 TRILLION dollars in the M3 money supply as of a few months ago <a href="http://www.federalreserve.gov/releases/h6/current/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.federalreserve.gov/releases/h6/current/" rel="nofollow">http://www.federalreserve.gov/releases/h6/current/</a> much of which never sees the light of day are physicial currency.&nbsp; I&#039;m sorry, but there is not enough silver or gold to represent even the US economy in silver or gold, let alone the world economy.</p><p><br /></p><p>Whats really amazing is that hard currency remained a viable concept as long as it did.&nbsp; Its ending was inevitable.</p><p><br /></p><p>Ruben</p><p><br /></p><p><a href="http://en.wikipedia.org/wiki/Money_supply" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Money_supply" rel="nofollow">http://en.wikipedia.org/wiki/Money_supply</a>[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in